Set to soar: The booming future of the extended-stay accommodation sector
As anyone who regularly visits the Americas will know, extended-stay accommodation, such as serviced apartments and aparthotels, is a vital part of the hotel landscape. In comparison, visitors to the United Kingdom and continental Europe have been missing out on the benefits provided by the extended-stay sector, having to choose between either traditional hotel rooms or private holiday rental properties. Extended-stay is increasingly attracting the attention of investors and key operators who want a stake in this flourishing market.
Tipped as the future of the hotel industry, offering flexibility and independence along with the reliability and customer service expected from a branded hospitality offering, the extended-stay accommodation sector is now one of the fastest-growing segments of the global hotel industry, evolving as a major subsector in its own right.
Extended-stay has been the fastest-growing segment of the US lodging industry for more than a decade now, wh